Franklin, IN Overview

Just 20 miles south of Indianapolis, the City of Franklin was named after Benjamin Franklin and serves as the county seat.  The community's location has allowed it to maintain a small-town identity and integrity while it benefits from the growth and economic stability of the Indianapolis metropolitan region.  Area youth receive a quality education in Franklin Community School Corporation.  The presence of Franklin College enriches the city in many respects, providing higher education opportunities in the liberal arts that stress the importance of faculty-student relationships and innovative leadership programs. Many of the special events sponsored by the college are open to the public.  An active Parks and Recreation Department provides a kaleidoscope of facilities and activities for all ages.  Newcomers to Franklin will discover a city that honors the past while it maintains a progressive attitude toward the future.

Summary

Population Growth (since 2000) 15 %
Population Density (ppl / mile) 1,805.00
Household Size (ppl) 2.53
Households w/ Children 33 %

Housing Stability

Annual Residential Turnover 17 %
5+ Years in Residency 31 %
Median Year in Residency 3.27

Housing Inventory

Franklin, IN Housing Inventory 5,831 858 2,942 5,831 858

Market Overview

106 listings with an estimated median price of $199,900

Price Count
$0 - 100K 26
$100K - 200K 28
$200K - 300K 16
$300K - 400K 12
$400K - 500K 4
$500K - 600K 6
$600K - 700K 6
$800K - 900K 3
$900K - 1M 1
$1M - Max 4
Property Type Count
Single Family 54
Commercial 8
Rental 1
Lots and Land 42
Multi Family 2

(Data as of 5/21/2019)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Franklin, IN Population Demographics

Total: 23,489

Households:8,774

Median Age: 36.36

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Franklin, IN Temperature

Weather Risk

Franklin, IN Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Franklin, IN Education Climate Index

Highest Education Level Attained

Franklin, IN Highest Education Level Attained 5,663 1,157 560 1,050 2,032 1,449 3,105 5,663 1,157 560 1,050 2,032

Employment and Finance

Workforce

Franklin, IN Workforce

Income by dollar range (Median Income: $49,292)

Franklin, IN Income by dollar range 419 551 414 572 653 551 343 479 471 831 909 995 739 488 207 61 83 7

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$552
One Bedroom
$651
Two Bedroom
$809
Three Bedroom
$1,084
Four Bedroom
$1,230

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Franklin, IN Crime

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